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  • #773,521
  • Mar 18, 2013 3:01pm Mar 18, 2013 3:01pm
damn
  • #773,522
  • Mar 18, 2013 3:03pm Mar 18, 2013 3:03pm
Entered long at 1.29308...let's see if we can make it to the swing high. Could use a couple of good winners, today has been mediocre at best. Killed a 4R trade that would have reached TP earlier today at little more than breakeven and lost a few others. Cable trade is +38 right now but not sure I care for how it's wandering around the range today.
  • #773,523
  • Mar 18, 2013 3:04pm Mar 18, 2013 3:04pm
Out +10
Trade smaller than rational because the market is irrational...
  • #773,524
  • Mar 18, 2013 3:04pm Mar 18, 2013 3:04pm
Quoting Kanzler
Entered long at 1.29308...let's see if we can make it to the swing high. Could use a couple of good winners, today has been mediocre at best. Killed a 4R trade that would have reached TP earlier today at little more than breakeven and lost a few others.
it's a news spike, careful..

all right, I'm out of here.
  • #773,525
  • Mar 18, 2013 3:05pm Mar 18, 2013 3:05pm
Quoting SnaveForex
damn
Beautiful price action) Added another long @1.2936
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,526
  • Mar 18, 2013 3:05pm Mar 18, 2013 3:05pm
Long again @ 59
Trade smaller than rational because the market is irrational...
  • #773,527
  • Mar 18, 2013 3:08pm Mar 18, 2013 3:08pm
i love it when a frustrated trader takes advantage of the rest when they leave for the sacs...
  • #773,528
  • Mar 18, 2013 3:08pm Mar 18, 2013 3:08pm
Quoting attila
it's a news spike, careful..

all right, I'm out of here.
I got in at the bottom of the move, have a pretty tight leash on it as usual. Thanks for the heads up though, and take care.
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  • #773,529
  • Mar 18, 2013 3:09pm Mar 18, 2013 3:09pm
It may run a bit the news was E positive
Trade smaller than rational because the market is irrational...
  • #773,530
  • Mar 18, 2013 3:14pm Mar 18, 2013 3:14pm
ZH tweet:
zerohedge As a reminder, unnamed Greek sources are always credible
  • #773,531
  • Mar 18, 2013 3:15pm Mar 18, 2013 3:15pm
Quoting attila
ZH tweet:
zerohedge As a reminder, unnamed Greek sources are always credible
Trade smaller than rational because the market is irrational...
  • #773,532
  • Mar 18, 2013 3:17pm Mar 18, 2013 3:17pm
Quoting attila
Altul mai urit nu puteai sa gasesti?
ma bucur sa vad conationali prin teatrul de razboi
Look like a girl, act like a lady, think like a man and work like a dog.
  • #773,533
  • Mar 18, 2013 3:18pm Mar 18, 2013 3:18pm
Quoting SpacyTrader
They're WAY - hugely above the US in every single one of those categories. And all those good bits you mention a company doesnt give a shit except education where in the end they can import the labor they need to the right jurisdiction.

Taxes: what you know. The socialists have competitive corporate taxes now. Still except Norway the personal income tax is appaling. Not to mention the bulk of the theft is done with VAT. So I dont see how you hurt my argument: the people end up paying the taxes. The bulk of tax collection has to be done by VAT-...
What do you mean they're hugely above??? When it comes to economic freedom they are massively behind if anything. As for things that matter (like GDP per capita), they're either better or largely on par with the US...despite what you call "crushing taxes".

Corporate taxes are lower in Scandinavia...and if you bothered to do a bit of research you'd realise what they get in return for their higher income taxes. They don't need to spend $100k+ for a decent degree for example, and they have free access to decent healthcare whereas in the US you pay with your left arm for the same services. I went to one of the top 2 schools in the world in my field...and paid $1800/semester for it. Could have taken the same exact course in the US and it would have cost me approximately 100 times this amount.

But yeah, VAT is higher...which brings me to my main point: Even though they have less economic freedom in Scandinavia (contrary to your FALSE claim!), similar corporate taxes and higher income taxes...they still manage to beat or match the US in several statistics that matter. So CLEARLY taxes aren't the driving force here when it comes to economic growth. Of course you could have just looked at the US and realised this by acknowledging that economic growth was higher under Clinton for example (high taxes!!) than under Bush or Obama (lower taxes).

You look at the world as "black or white", "left or right" or "total economic freedom vs socialism"...when in reality that's simply not how the world works. Your falling for political slogans without actually looking at the FACTS.

By many's standards, Switzerland for example is a socialist country. We provide healthcare, hand out free drugs to addicts, pay unemployed people 80% of their previous salary if they lose their job, are about to introduce a monthly minimum compensation that's meant to take over current unemployment benefits (clue: it's higher than the average salary of a lot of countries), pay our teachers a good wage, have strong unions, and so on...according to the GOP we'd probably be classified as borderline communists. But guess what, we have one of the highest education levels in the world, highest per capita income and arguably the highest standard of living...and the same can be said about Scandinavian countries. Go to Stockholm, Oslo or Zurich...and then look at me with a straight face telling me how much better the US is off. Don't mind if I laugh

PS: I'm not anti-US or anti-capitalism by the way...I am just a realist who sees the system's limitations. In order to have a functioning society you can't just take an economic THEORY and pretend you can implement it without any restrictions or regulations...it's simply not realistic or feasible. Not unless you don't mind crapping on a large proportion of that society.
  • #773,534
  • Mar 18, 2013 3:26pm Mar 18, 2013 3:26pm
Closed @ 1.2956...looks like that rally base drop supply zone is giving price trouble.
  • #773,535
  • Mar 18, 2013 3:26pm Mar 18, 2013 3:26pm
I live in the US (USS of A) and would gladly live in Switzerland. The women are HOT, and the weather is cold and from what I understand everyone is required to have a gun.
Trade smaller than rational because the market is irrational...
  • #773,536
  • Mar 18, 2013 3:26pm Mar 18, 2013 3:26pm
ehmm... hmm... sounds great..can I immigrate to Switzerland? or are they going stick me up on a lamp pole?

yeah forgot the women.. they are all blonde and fat over here... and I mean FAT..
Quoting 4exNinja
What do you mean they're hugely above??? When it comes to economic freedom they are massively behind if anything. As for things that matter (like GDP per capita), they're either better or largely on par with the US...despite what you call "crushing taxes".

Corporate taxes are lower in Scandinavia...and if you bothered to do a bit of research you'd realise what they get in return for their higher income taxes. They don't need to spend $100k+ for a decent degree for example, and they have free access to decent healthcare whereas in the US you...
  • #773,537
  • Mar 18, 2013 3:27pm Mar 18, 2013 3:27pm
Quoting 4exNinja
What do you mean they're hugely above??? When it comes to economic freedom they are massively behind if anything. As for things that matter (like GDP per capita), they're either better or largely on par with the US...despite what you call "crushing taxes".

Corporate taxes are lower in Scandinavia...and if you bothered to do a bit of research you'd realise what they get in return for their higher income taxes. They don't need to spend $100k+ for a decent degree for example, and they have free access to decent healthcare whereas in the US you...
I meant the list here http://www.heritage.org/index/explore you can click on the columns I named and the scandinavians are way ahead of the US in those categories. I believe I saw Switzerland towards the top as well. Not terribly surprising- also besides cantons like Zug if you have no activity in Switzerland you pay little to no tax as a result. There's also the tax exemption for hedge fund managers and considering for tax purposes only 60% of foreign income. If you add all that together you can run circles around the swiss tax system. Maybe add a liechtenstein foundation into the mix for good measure and you don't have to worry about the wealth tax either. Only issue is there seems to be a shortage of palatial dwellings. After I get rich with my forex trading I may have difficulty finding a place grand enough to lord over the rest of the peasants.

About the socialist conditions in switzerland: I guess it shows what a thriving money laundering system can do for you coupled with high taxes on all those highly paid bank employees.
  • #773,538
  • Mar 18, 2013 3:32pm Mar 18, 2013 3:32pm
Quoting EuroTraderJD
I live in the US (USS of A) and would gladly live in Switzerland. The women are HOT, and the weather is cold and from what I understand everyone is required to have a gun.
Cold in winter, yeah...but some reasons summers are actually quite hot. Hotter than in the UK that's for sure, but then again, I wouldn't call what we have in the UK "summer". Two weekends of hot weather isn't summer

Can't comment on women as every single GF I had since I was 17 was a foreigner...but I'm not racist against my own people btw.

As for guns, that's a bit of a misconception. Every able man has serve in the military and yes, you get a gun. Most people don't store it at home though, they leave it at the barracks. It's pretty easy to get a gun, but there are still strict background checks that go above and beyond what's common practice in the US. Also, thanks to better social services and care we don't have a lot of poor and desperate people who attack others with gun...that kinda helps.

Regarding military service, it's a mixed bag...I was part of a mountain division and spent most time hiking with snow shoes or snowboarding. Oh, and I never drank or smoked as much weed in my life as during my military service. Especially when it comes to weed, EVERYONE was stoned. Made spending night after night in a bloody mountain bunker a lot more bearable...until I found out "sleep walking" is a reason for early dismissal. Got out of it 2 weeks early
  • #773,539
  • Mar 18, 2013 3:35pm Mar 18, 2013 3:35pm
Quoting attila
ehmm... hmm... sounds great..can I immigrate to Switzerland? or are they going stick me up on a lamp pole?

yeah forgot the women.. they are all blonde and fat over here... and I mean FAT..
So are US women and they have attitudes. They expect to be treated like a lady and you buy everything as they take all from a man and want to continually bust his balls. So much for the feminist movement.

I would take a fat submissive woman over a thin b**ch 7 days a week and twice on Sunday.
Trade smaller than rational because the market is irrational...
  • #773,540
  • Mar 18, 2013 3:36pm Mar 18, 2013 3:36pm
Quoting 4exNinja
Cold in winter, yeah...but some reasons summers are actually quite hot. Hotter than in the UK that's for sure, but then again, I wouldn't call what we have in the UK "summer". Two weekends of hot weather isn't summer

Can't comment on women as every single GF I had since I was 17 was a foreigner...but I'm not racist against my own people btw.

As for guns, that's a bit of a misconception. Every able man has serve in the military and yes, you get a gun. Most people don't store it at home though, they leave it at the barracks. It's pretty...
You're required to have a gun but they took away the bullets. For safety reasons. Apparently they didn't wanna let people commit suicide with them. Control freaks. They need to keep alive as many tax donkeys as possible no matter how they feel about it.
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